Technology
November 2, 2020

Wireless Display Market Size 2020, Upcoming Trends, Drivers, Strategies, Segmentation Application, Demand by Top Players (Google, Amazon.com, Apple, etc.)

Wireless display market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Rising demand among the consumers and commercial segment for various smart devices like phones, TVs, and tablets are fuelling the growth of the wireless display market. Additionally, innovations and advancements in technology and increasing demand for on-demand entertainment services are driving the growth of the wireless display market.

According to Market Research Future Analysis, the global wireless display marketis estimated to generate revenue of approximately USD 5 billion by 2023 at a CAGR of 11% during the forecast period 2017-2023.

Increasing focus on deployment of advanced display technologies and growing demand for simplified setup and ease of connection are some of the major factors driving the growth of this market. The focus towards the promotion of implementing cloud-based technologies and due to the convenience being provided to the consumers and growing trend of digitization is another factor fueling the growth of the global wireless display market. Also, a large number of companies have been investing a huge amount of capital in the research and development of new display technologies.

Major Key Players Operating in the Market:

Google, Inc. (U.S.), Amazon.com, Inc. (U.S.), Apple Inc. (U.S.), Microsoft Corporation (U.S.), Roku, Inc. (U.S.), Lattice Semiconductor (U.S.), NETGEAR Inc. (U.S.), Cavium, Inc. (U.S.), Actiontec Electronics, Inc. (U.S.), and Belkin International, Inc. (U.S.).

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Segmentation:

The global wireless display market can be segmented on the basis of the offering, technological protocol, and application.

Segmented by Technological Protocol:

The technological protocol segment is further classified into WirelessHD, WiDi, Miracast, AirPlay, Google Cast, DLNA, and others. Surging demand across consumer electronics such as smart TVs, ultrabooks and tablets are factors that are boosting the growth of the wireless display market. Moreover, the market is witnessing a considerable growth in the demand for wireless display with increasing adoption of smartphones and increasing R&D in the wireless display technologies. Increasing trend of integrating internet with display devices like smart TVs is another major factor driving the growth of the wireless display market.

Segmented by Application:

The application segment is further classified into consumer and commercial. The commercial segment is further classified into corporate & broadcast, digital signage, government, healthcare, education, and others. The commercial segment is expected to show a significant growth owing to the increasing adoption of different display technologies across various verticals. Also, the digital signage application is expected to witness considerable growth during the forecast period. However, the availability of cheaper substitutes for connectivity is one major factor that could cause hindrance to the growth of global wireless display market. The cheaper hardware is preferred by users for connectivity solutions, which is hampering the market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Intended Audience

·         Technology Investors

·         Research/Consultancy firms

·         Technology Solution Providers

·         Government Bodies

·         Regulatory agencies

·         Corporate

·         Consumer electronics product vendors

·         Educational Institutes

·         Medical and industrial product vendors

·         Venture capitalists and start-ups

·         Software solution providers

·         Semiconductor component suppliers

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